HARARE – Midcaps outperformed the stock market on Tuesday although trading remained lacklustre with turnover failing to cross the $100 million mark.
Turnover was at $94.16 million in 278 trades. CBZ Holdings and Delta contributed the most to turnover $33.37 million and $32.62 million, respectively. Foreign sales were at $30.46 million with $22.73 million of that coming out of Delta. Foreign buyers were at $13.45 million with Hippo making up the most at $11.18 million.
First Mutual Properties led the session risers as it added 44c to 264c, an increase of 20.00%. Zimre Holdings, which underwent a consolidation as part of a new strategic focus, made a 19.95% rebound to 249.50c as it improved its market capitalisation to $3.82 billion.